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Author Topic: The lagest Bitcoin mixer is about to stop working  (Read 89620 times)
Casy
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August 12, 2017, 09:06:41 PM
 #221

Another one bites the dust, bitmixer.io is legendary in this space, very sad seeing them go. It is better to be safe tan sorry though.


Yeah, but I think it's neither the general problem of bitmixer, nor the problem of bitcoin mixers at all.
Folks using bitcoin as a mean for criminal activity could and will eventually use cryptocurrencies that don't have a public blockchain at all.
For me, bitcoin mixing as such is a way of giving legit users a chance for fulfilling their right of privacy.

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August 15, 2017, 06:49:15 AM
 #222

Another one bites the dust, bitmixer.io is legendary in this space, very sad seeing them go. It is better to be safe tan sorry though.


Yeah, but I think it's neither the general problem of bitmixer, nor the problem of bitcoin mixers at all.
Folks using bitcoin as a mean for criminal activity could and will eventually use cryptocurrencies that don't have a public blockchain at all.
For me, bitcoin mixing as such is a way of giving legit users a chance for fulfilling their right of privacy.

Exactly this. For fuck sake Bitcoin transactions are public! They absolutely need mixer services because if you even send your coins to a friend they will easily see how much bitcoins you have left that went to a change address. Blackmailers and ransom software can abuse this to extort more money from their victims. By closing your service you are helping the criminals! Thank god projects such as Byteball are gaining traction. Byteball's blackbytes have even better anonymity than zcash, best anon coin out there. Payments are truly peer-to-peer and only the transaction hash is stored on the public ledger, everything else remains private.

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August 15, 2017, 03:22:53 PM
 #223

Another one bites the dust, bitmixer.io is legendary in this space, very sad seeing them go. It is better to be safe tan sorry though.


Yeah, but I think it's neither the general problem of bitmixer, nor the problem of bitcoin mixers at all.
Folks using bitcoin as a mean for criminal activity could and will eventually use cryptocurrencies that don't have a public blockchain at all.
For me, bitcoin mixing as such is a way of giving legit users a chance for fulfilling their right of privacy.

Exactly this. For fuck sake Bitcoin transactions are public! They absolutely need mixer services because if you even send your coins to a friend they will easily see how much bitcoins you have left that went to a change address. Blackmailers and ransom software can abuse this to extort more money from their victims. By closing your service you are helping the criminals! Thank god projects such as Byteball are gaining traction. Byteball's blackbytes have even better anonymity than zcash, best anon coin out there. Payments are truly peer-to-peer and only the transaction hash is stored on the public ledger, everything else remains private.

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

Friend: Dude, can I borrow ten bucks?
Mr. Money Bags: <pulls thousands from his pocket and peels off a sawbuck> Here you go, bud.
Friend: Dude, what a fuckin wad! Can I borrow another hundred?

<in normal life>

Friend: Dude, can I borrow ten bucks?
Mr. Money Bags: <pulls out a bunch of singles and counts to ten> Here you go, bud. Leaves me a tad short, but I'll manage.
Friend: Thanks, man. I'll get this back to you ASAP.

WillMineForFood
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August 15, 2017, 05:01:08 PM
 #224

hahah INdeed Gleb you can't say it better.
European Central Bank
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August 15, 2017, 05:20:22 PM
 #225

By closing your service you are helping the criminals!

the operator's personal freedom is a little more important than the privacy of a bunch of strangers. they owe nothing to no one. their obligations were fulfilled and hopefully they'll live a peaceful life.

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ChipMixer
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August 15, 2017, 06:18:49 PM
 #226

Friend: Dude, can I borrow ten bucks?
Mr. Money Bags: <pulls thousands from his pocket and peels off a sawbuck> Here you go, bud.
Friend: Dude, what a fuckin wad! Can I borrow another hundred?
Tumbling large amount may end the same if you receive large amount at one address.

Friend: Dude, can I borrow ten bucks?
Mr. Money Bags: <pulls out a bunch of singles and counts to ten> Here you go, bud. Leaves me a tad short, but I'll manage.
Friend: Thanks, man. I'll get this back to you ASAP.
ChipMixer tumbling ends this way. You receive different sizes of chips and your wallet spends the smallest chip. $10 = 3 mBTC. Your friend may see you have spent your 4 mBTC chip.

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August 16, 2017, 12:47:26 AM
 #227

With the most trusted and likely most used mixer gone,  be careful of scams claiming to be able to take their place.   There are already scam Bitcoin mixers out there, do your research.  

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August 17, 2017, 07:27:09 PM
 #228

By closing your service you are helping the criminals!

the operator's personal freedom is a little more important than the privacy of a bunch of strangers. they owe nothing to no one. their obligations were fulfilled and hopefully they'll live a peaceful life.

I totally agree that it's the operator's free decision to stop his service, if he feels to do so.
However, this doesn't condemn or change the usefulness of bitcoin mixers themselves as an optional privacy enhancement.

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August 22, 2017, 04:44:01 PM
 #229

Hi all!
Despite the huge profit we earn, we are closing our activity. Let me explain why.

I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.

I hope our decision will help to make Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too. Very soon this kind of activity will be considered as illegal in most of countries.

Cheers,
Bitmixer.IO


I have read your post with great interest, and I can see the heavy moral questions that arise from your internal debate. However, is it true that a catalyser to your decision, was in fact a claim made by US law enforcement?

I think Bitcoin gives us the power to decide whether you want to be public about your stake in it or not, and this is quite a primal right every individual should have.

For example, what if a guy from the pizza shop or some taxi driver i just payed with my bitcoin wallet, would know that I hold 10,000 BTC?

How many dangerous situations that would create?
Would I ever be able to use my crypto wallet safely (not from hackers, but from street criminals) again?

█████ NEXCHANGE.IO █████
c789
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August 22, 2017, 05:15:05 PM
 #230

...
I have read your post with great interest, and I can see the heavy moral questions that arise from your internal debate. However, is it true that a catalyser to your decision, was in fact a claim made by US law enforcement?

I think Bitcoin gives us the power to decide whether you want to be public about your stake in it or not, and this is quite a primal right every individual should have.

For example, what if a guy from the pizza shop or some taxi driver i just payed with my bitcoin wallet, would know that I hold 10,000 BTC?

How many dangerous situations that would create?
Would I ever be able to use my crypto wallet safely (not from hackers, but from street criminals) again?

That's one reason Monero exists. Nobody should have to worry about the clerk they just paid seeing their balance and deciding to pay them a visit later with a crowbar to "pry"out their private key from them. Privacy is good for everyone, not just criminals.

For those who want to go against the advice of the OP (Bitmixer) and still think Bitcoin mixers will make them private, please see https://bitcointalk.org/index.php?topic=2042470.msg20383605#msg20383605

Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx
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August 22, 2017, 05:39:48 PM
 #231

Another one bites the dust, bitmixer.io is legendary in this space, very sad seeing them go. It is better to be safe tan sorry though.


Yeah, but I think it's neither the general problem of bitmixer, nor the problem of bitcoin mixers at all.
Folks using bitcoin as a mean for criminal activity could and will eventually use cryptocurrencies that don't have a public blockchain at all.
For me, bitcoin mixing as such is a way of giving legit users a chance for fulfilling their right of privacy.

Exactly this. For fuck sake Bitcoin transactions are public! They absolutely need mixer services because if you even send your coins to a friend they will easily see how much bitcoins you have left that went to a change address. Blackmailers and ransom software can abuse this to extort more money from their victims. By closing your service you are helping the criminals! Thank god projects such as Byteball are gaining traction. Byteball's blackbytes have even better anonymity than zcash, best anon coin out there. Payments are truly peer-to-peer and only the transaction hash is stored on the public ledger, everything else remains private.

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

Friend: Dude, can I borrow ten bucks?
Mr. Money Bags: <pulls thousands from his pocket and peels off a sawbuck> Here you go, bud.
Friend: Dude, what a fuckin wad! Can I borrow another hundred?

<in normal life>

Friend: Dude, can I borrow ten bucks?
Mr. Money Bags: <pulls out a bunch of singles and counts to ten> Here you go, bud. Leaves me a tad short, but I'll manage.
Friend: Thanks, man. I'll get this back to you ASAP.

Maybe you could *gasp* keep most of your bitcoins in cold storage and only carry around an amount that if you got robbed you wouldn't want to off yourself! Just a thought. I don't carry around thousands in my wallet so why would I with bitcoins?

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August 22, 2017, 06:07:43 PM
 #232

...
Maybe you could *gasp* keep most of your bitcoins in cold storage and only carry around an amount that if you got robbed you wouldn't want to off yourself! Just a thought. I don't carry around thousands in my wallet so why would I with bitcoins?

Even if a person kept most of their holdings in cold storage, I don't believe most people would know how to break the link from the transaction where they sent those funds to cold storage. Given this situation, it wouldn't be difficult to trace such transactions and find out that the person may have only $20 in the address they're currently using, but has thousands in cold storage. Then a bad person could visit them with a $5 crowbar and coax the private key out of them, cold storage or not, encrypted $2,000 computer or not. Eventually they'd give up the password and/or private key.

Privacy is needed in addition to security.

Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx
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August 22, 2017, 07:14:46 PM
 #233

Hi all!
Despite the huge profit we earn, we are closing our activity. Let me explain why.

I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.

I hope our decision will help to make Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too. Very soon this kind of activity will be considered as illegal in most of countries.

Cheers,
Bitmixer.IO


I have read your post with great interest, and I can see the heavy moral questions that arise from your internal debate. However, is it true that a catalyser to your decision, was in fact a claim made by US law enforcement?

I think Bitcoin gives us the power to decide whether you want to be public about your stake in it or not, and this is quite a primal right every individual should have.

For example, what if a guy from the pizza shop or some taxi driver i just payed with my bitcoin wallet, would know that I hold 10,000 BTC?

How many dangerous situations that would create?
Would I ever be able to use my crypto wallet safely (not from hackers, but from street criminals) again?

Let's play retard advocate.

Let's say I just purchased a thousand dollars worth of bitcoins for the very first time, the transaction conducted via Coinbase.

Coinbase sent me a thousand dollars worth of bitcoins from a wallet address depicting a current balance of millions of dollars worth or bitcoins.

A nefarious actor is made aware of a bitcoin payment I made to a taxi driver, pizza dude, etc. The street criminal does one of the following: Assumes I own the millions of dollars of bitcoins so tries to rob me; is astute enough to know that those millions aren't mine but belongs to Coinbase so I'm left alone; opts to rob some little old lady's purse because it's easier, safely assuming that the bills obtained from within didn't have their serial numbers registered and kept in her underwear drawer hidden in the left cup of a vintage brasier she worn to a prom forty years ago with her brother Hugo.

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August 22, 2017, 08:50:24 PM
 #234

After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.

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August 22, 2017, 10:30:30 PM
 #235

After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.

Translated: My pastor told me that killing people for hire is wrong, so I'm ending that practice. That said, after deep investigation I'm recommending somebody else more than enough qualified to kill on your behalf if needing extra privacy.

To be fair, my pastor told me that fucking ducks in public is wrong, hence ending the practice. I now fuck ducks in private, filming the duck fuckings, then uploading the vids online where I'm paid X amount per 1,000 views thanks to pervs who enjoy my vids.

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August 23, 2017, 10:10:48 AM
 #236

After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.

Monero is bullshit. Dash is also bullshit. They are effectively scamcoins in a sense that they boast about having privacy while in reality they have weak privacy. They should not be advertised as good for privacy because their privacy is directly derived from the assumption that they are massively adopted and the most dominant crypto out there. Here's a reality check. Are they massively adopted and most dominant cryptos? No they are not. Hence, their privacy, which depends on their adoption, is badly lacking. They are not anonymous. So please, stop spreading misinformation.

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August 23, 2017, 10:49:41 AM
 #237

After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.

Good point, indeed Monero has many technological advantages over other vague Altcoins, not only in Privacy (especially since it was proven that the Monero private tx ids could be easily reversed engineered: https://eprint.iacr.org/2017/338.pdf), but also since it was one of the first coins to introduce innovations such as dynamic block size, which improves the perspective for long term scaling, which I reckon, is the most important part about cryptocurrency.
Since, as Andreas M. Antonopoulos said (here's a nice video of him making a point https://www.youtube.com/watch?v=SMEOKDVXlUo&t=1s), we are now only approaching the verge of the dawn of the era of blockchain and cryptocurrency.

However, I would like to note, that by default, any crypto to crypto exchange transaction using an exchange service (which has a properly configured combination of hot and cold wallets) will equally conceal the public key (wallet ID) from which the funds were sent.

█████ NEXCHANGE.IO █████
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August 23, 2017, 01:25:07 PM
 #238

After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.

Monero is bullshit. Dash is also bullshit. They are effectively scamcoins in a sense that they boast about having privacy while in reality they have weak privacy. They should not be advertised as good for privacy because their privacy is directly derived from the assumption that they are massively adopted and the most dominant crypto out there. Here's a reality check. Are they massively adopted and most dominant cryptos? No they are not. Hence, their privacy, which depends on their adoption, is badly lacking. They are not anonymous. So please, stop spreading misinformation.

Lol. Naming monero and dash in the same phrase shows how clueless you are about what you're talking. And that from a legendary tsts  Roll Eyes
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August 23, 2017, 01:29:41 PM
 #239

Lol. Naming monero and dash in the same phrase shows how clueless you are about what you're talking. And that from a legendary tsts  Roll Eyes

Lol. getting butthurt over such criticism in the same phrase shows how clueless you are about what you're talking. And that from a noob user makes perfect sense tsts Roll Eyes

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August 23, 2017, 04:04:05 PM
 #240

After the deep investigation I confirm that MONERO is the best privacy currency. So I strongly recommend MONERO for all people who need extra privacy.

Translated: My pastor told me that killing people for hire is wrong, so I'm ending that practice. That said, after deep investigation I'm recommending somebody else more than enough qualified to kill on your behalf if needing extra privacy.

Very nice.

It is interesting that BitMixer retired but they are still reading this thread.

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